Quoted: “If you understand the core innovations around the blockchain idea, you’ll realize that the technology concept behind it is similar to that of a database, except that the way you interact with that database is very different.

The blockchain concept represents a paradigm shift in how software engineers will write software applications in the future, and it is one of the key concepts behind the Bitcoin revolution that need to be well understood. In this post, I’d like to explain 5 of these concepts, and how they interrelate to one another in the context of this new computing paradigm that is unravelling in front of us. They are: the blockchain, decentralized consensus, trusted computing, smart contracts and proof of work / stake. This computing paradigm is important, because it is a catalyst for the creation of decentralized applications, a next-step evolution from distributed computing architectural constructs.

Quoted: “Ethereum will also be a decentralised exchange system, but with one big distinction. While Bitcoin allows transactions, Ethereum aims to offer a system by which arbitrary messages can be passed to the blockchain. More to the point, these messages can contain code, written in a Turing-complete scripting language native to Ethereum. In simple terms, Ethereum claims to allow users to write entire programs and have the blockchain execute them on the creator’s behalf. Crucially, Turing-completeness means that in theory any program that could be made to run on a computer should run in Ethereum.” And, quoted: “As a more concrete use-case, Ethereum could be utilised to create smart contracts, pieces of code that once deployed become autonomous agents in their own right, executing pre-programmed instructions. An example could be escrow services, which automatically release funds to a seller once a buyer verifies that they have received the agreed products.”

Quoted: “Bitcoin technology offers a fundamentally different approach to vote collection with its decentralized and automated secure protocol. It solves the problems of both paper ballot and electronic voting machines, enabling a cost effective, efficient, open system that is easily audited by both individual voters and the entire community. Bitcoin technology can enable a system where every voter can verify that their vote was counted, see votes for different candidates/issues cast in real time, and be sure that there is no fraud or manipulation by election workers.”

Preamble: Bitcoin 1.0 is currency — the deployment of cryptocurrencies in applications related to cash such as currency transfer, remittance, and digital payment systems. Bitcoin 2.0 is contracts — the whole slate of economic, market, and financial applications using the blockchain that are more extensive than simple cash transactions like stocks, bonds, futures, loans, mortgages, titles, smart property, and smart contracts

This Q&A was first published by Mr. Geir Solem, Director of Cryptor Trust Inc., on the Cryptor Primary Investor Blog (Date: October 31, 2014).

Quote: “BitCoin was the first small step in what I believe will be a truly transformational journey, for each and every one of us. In 10 Years Cryptocurrency and Blockchains have every chance to have the same, or greater, impact on our lives, society, and civiliation, as the creation of Email had to the Postal Service, and the Fax Machine as compared to the Internet; in 25 Years Monetary Systems, Systems of Trade and Exchange, Systems of Transaction of Goods, Ledger and Recordation Systems, Everything You Know – Will – Be – Different – and, Unrecognizable relative to what we know today at the end of the year 2014.”

Aug 29, 2014

If the controversy over genetically modified organisms (GMOs) tells us something indisputable, it is this: GMO food products from corporations like Monsanto are suspected to endanger health. On the other hand, an individual’s right to genetically modify and even synthesize entire organisms as part of his dietary or medical regimen could someday be a human right.

Aug 6, 2014

I am very pleased to announce the publication of my book “Reengineering Strategies & Tactics”.

The book is based on more than 2 decades in manufacturing & management consulting, and presents the new business model, the Holistic Business Model, that ties together operations, revenue generation and business strategy. It also enables one to do strategy sensitivity analysis, and much more. Watch the video. Buy the book & enjoy rethinking & re-strategizing your company.

Here is the reason why I was able to do this. I spent many decades working in manufacturing companies and management consulting firms. I am now sharing this experience in a book titled “Reengineering Strategies & Tactics”. The book presents a new business model, the Holistic Business Model, that allows one to infer private information from public data.

(An Independent, Solemn, Most-Thorough and Copyrighted Answer. Independence, solemnity, thoroughness, completeness, detail, granularity of details, accuracy and rigor, hereunder, will be then redefined by several orders of nonlinear magnitude and without a fail).

[TREATISE EXCERPT].

To Nora, my mother, who rendered me with the definitiveness to seek the thoughts and seek the forethoughts to outsmart any impending demand and other developments. To Francisco, my father: No one who has taught me better. There is no one I regard most highly. It is my greatest fortune to be his son. He endowed me with the Agostini family’s charter, “…Study and, when grown up, you will neither be the tyrants’ toy, nor the passions’ servile slave…” I never enjoyed a “…Mom…”, but considerably enjoyed a gargantuan courageous Mother, Father, Grandparents and Forbears.